How to File ITR-3 for Intraday, F&O Loss without Audit| Intraday और F&O Losses की ITR कैसे फाइल करे?
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- Опубліковано 1 жов 2024
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How to file Income Tax Return (ITR) for Share Trading on New Income Tax Portal? How to file ITR for Intraday and Future & Options Losses? How to carry forward share trading losses without Audit.
In this video, I have covered the complete procedure of Income Tax return filing for Share Trading and I have explained the complete procedure for making the books of accounts for the Intraday and F&O trading. Also, you will be able to know that how to calculate the turnover for Intraday Trading and F&O Trading.
Apart from the Turnover Calculations, you will be aware that when the audit will be applicable for the share trading purpose.
This video will be your one-stop destination for all your Intraday and F&O Trading-related queries.
You can also watch:
How to Choose Correct ITR Form?
• Which ITR Form to file...
How to File ITR-1 with Form 16?
• How to File ITR for A....
How to File ITR-4 For Busienss?
• How to File Income Tax...
How to File ITR-4 For Professionals?
• How to File ITR 4 for ...
How to File ITR without Form 16?
• Video
What is Form 16? Full Details About Form 16?
• क्या है Form 16 ? जानि...
What is Form 16A? Full Details About Form 16A?
• क्या है Form 16A? जानि...
Maximum Fixed Deposit Limit in 2021?
• Maximum Fixed Deposit ...
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Thank You.
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*******DISCLAIMER********
This video is merely a general guide meant for learning purposes only. All the instructions, references, content, or documents are for educational purposes only and do not constitute legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax, or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
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Topics covered in this video:
Intraday trading,
Intraday trading loss,
Intraday loss,
Intraday loss in itr,
itr for intraday trading,
F&O,
FnO loss,
Futures and options transactions,
itr for FnO loss,
which itr for intraday trading,
capital gain on share,
Short term capital gain on share,
Long term capital gain on share,
STCG and LTCG,
Capital gain on mutual fund,
Income from mutual fund,
Mutual fund,
intraday loss carry forward,
Loss adjustment in itr,
How to File ITR 3 for Intraday trading
How to File ITR 3 for F&O Loss
f&o income tax filing
f&o income tax
f&o loss income tax
how to file f&o income tax return
intraday income tax return
intraday income tax calculator
intraday trading income tax filing
intraday loss income tax
intraday profit income tax
how to file itr 3 on new portal,
how to carry forward intraday loss
How to carried forward F&O loss
how to file itr 3 for intraday trading
Income tax return for share trading,
how to file itr 3 return online
How to carried forward business loss
f&o income tax filing
Speculative loss in itr 3
f&o income tax
Income tax return ay 2021-22
futures and options income tax
intraday profit or loss in itr
online itr filing ay 2021-22
itr 3 for share trading,
Business loss set off
itr 3 for intraday and F&O
e filing,share market
how to file income tax return for share trading loss
balance sheet for intraday F&O loss in itr 3
f&o trading,
f&o loss in income tax return,
f&o loss itr,
f&o trading loss,
intraday trading income tax return,
intraday trading,
intraday trading and income tax,
how to file itr 3 for ay 2021-22,
how to file itr 3 for intraday trading,
how to file itr 3 for share market,
how to file f&o loss in itr,
how to file intraday loss in itr,
how to file itr 3 for share market,
how to file itr 3 for f&o loss,
how to prepare books for itr 3,
how to prepare books for f&o loss,
Link to download the Excel Sheet: rzp.io/l/ITR3-ExcelSheet
All detailed instructions are included in the excel sheet. You can go through the instructions and then proceed for the data preparation.
You can support our work by purchasing the Excel sheet. With this sheet, you can save tons of professional costs and you can complete your return yourself.
Thank you very much! ❤🙏
P
Please send me Excel file I have already paid 399rs
I have paid Rs. 399 today afternoon but not received any link yet to download Excel sheet for ITR calculations. Please expedite immediately
@@SanjayBehera-gj6ei have you received excel sheet now?
Hello, I Have made the payment. Could you please share the excel sheet. Peeyush Sodhia .
ITR-3 का अबतक का सबसे बेहतर जानकारी देने वाला वीडियो, जबरदस्त सर, धन्यवाद
Sir If I have STCG AND LTCG and also loss in intraday and option then which capital value taken for Balance sheet only capital used for intraday and fnO or all capital value which I used in the share market including stcg and ltcg, please clarify me and also what is the method of calculation of capital for intraday and fnO
Great work 👍, I keep saying that trading and investing is easy and safe with the right help and guidance
that's why I trade with Theresa she's the best
Yessss I have gotten my losses back and made more profits from her
How to reach her?
She's really good I earn profits every week trading with her system and strategies
Sir.. I am searching this for last week. Finally got your video. Naman he is dhara ko jaha aise suptra paida hue.. Bina suvarh ke itna knowledgeable video Dene ke liye heart felt thanks..
एप्रिल 24 मे लॉस हुआ हे ऑप्शन्स मे लेकीन मार्च 24 तक प्रॉफिट हे लेकीन ITR 1एप्रिल 23 से 31 मार्च 24 तक का ही दिया जाता है तो F &O लॉस आगे तो कॅरी फॉरवर्ड नही होगा तो लॉस कैसे दिखाये?
For Turnover of Intraday trades, simply USE formula like, =abs(figure) .... e.g. abs(-2625) which will show 2625 only.
Superb..! You are one of the Finest UA-cam Creator for Tax Professionals and Taxpayers. What a work. Superbly Helpful.
I literally searched for so long to get a video like this. And, today I finally your notification. Thank you. 🙏💙😀
For converting negative to positive... You can use =ABS() formula
Can we treat our swing trading is part of Non Speculative....and share hold more then one FY LTCG
This is one of the best videos I have come across regarding ITR filing of Speculative and non speculative P & L in busines. You are one of the best CA's I have come across with who has in depth knowledge of IT related topic. I wish you great success in life.
Thank you 😊
FIRST THANKS TO YOUR VIDEO , VERY USEFUL, BUT AFTER FOLLOW YOUR STEPS , THERE IS ERROR AFTER VALIDATION , IF YOUR INCOME IS LESS THAN 8% OF YOUR T/O , SO YOUR BOOKS NEEDS TO BE AUDITED ..
same issue with me
Sir,
I have received demand notice u/s 143(1) for AY2020-
21, Actually I am eligible for refund.
143(1) computation did not consider my loss on F&O
Trading.
It could be because I had filed as No account case.
Can I file revised return modifying the balance sheet
and P&L schedule.
I have received demand notice u/s 143(1) for AY2020-
21.Can I submit revised return u/s 154 through
rectification.I have to fill 139(5) in the revised
ITR,Please confirm my understanding.
Appreciate your kind response.
मुझे फ्यूचर ऑप्शन में नुकसान है ,Intraday व डिलीवरी बेस में नफा है , तो मुझे ITR 3 कैसे फाइल करना ??
Same question
@3:17 Instead You Can try " = ABS(cell reference)" .It's much more easier approach.
How to calculate capital of intraday and fno
Thank you very much for presenting this complicated accounting & filing in details with a very good explanation & commentary. Highly appreciate. May God Bless You. 🙏😊
For options turnover.. Zerodha's tax pnl report takes only Realised Pnl in absolute terms just like futures... It doesn't consider sell amount of options...
Hi Sir, this year I filled ITR 3 first time on my own with intraday, options with the help of your video. Today my ITR 3 is processed successfully got the refund instructions without need for tax audit. It's my turn to show you the gratitude for sharing proper instructions.
Also I have one question, as per new icai guidelines, is the method of adding premium seperately for options been abolished, as per new icai guidelines, page 17, clause 5.14,b, ii , could you please check and let us know? If that is the case, then that will be of great help for small retail traders like us.
Again, thanks a lot.
HELLO BROTHER AM ALSO WILL BE FILING FOR THE FIRST TIME- ITR3.
can i call you for some help regarding this please?
Yes it is abolished if you include the profit. if you dont then only you need to showcase the sale.
If turnover is less than 10lacs, then can we opt for presumptive taxation or still we have to maintain books of accounts in case of F&O and Intraday?
Instead of IF Formula you can also use =ABS Function ( Absolute )
What is different scenario if total turnover is above 1 crore and below of 10 crore?
👏👏👏👏👏Superb Video, explained everything so nicely, Thank you so much !!! This was much needed by Public.
error coming "You have claimed income less than 8% of Gross Turnover and audit information is not filled up" after doing all the steps as u told in video. validation is showing successful but with a caution. Should i proceed with it?
Same issue facing
Yes there is the same issue. I'm not sure but it's not a good idea to go further with this option because i don't know what consequences will happen.
Yes facing same issue. @Taxeffet please reply
Same issue facing
Hey, after filling fresh itr again, it showed no error . So i will suggest u all to file fresh itr once again and it will be filled without giving any caution.
Hi Sir..!!
This is the best and detailed video on itr3. Thanks you for that
I facing below error please reply :🙏
Please select the radio button for the field TDS credit relating to Self/Other Person in Schedule TDS 2.
This is the kind of video I was searching since sooo long. Great Content. This is called THE COMPLETE VIDEO.
From Books of Account Preparation to complete filing procedure, literally A To Z of ITR 3. Thanks sir. 👏👏👏🙏🙏🙏
Thank you dear 🙏
Can you please share this excel sheet with us
Book of account kese banate hai format send kro
@@nikkuveejar ha please share
I am also... Search this type of video... Awesome fantastic sir... Great knowledge sharing
Intra day , f&o, short term or long term k liye konsa itr fill karna hoga
How much do you charge for the ITR you showed in the video???
You are god boss.......after watching lot of scrap in UA-cam finally found the gem. That too on last day🥰🥰🥰🥰
Current and real update, by showing loss IT return is asking for audit
Hi, is this after filing or the warning you are receiving after validation?
@@no-name1084 after vaccination
After validation not vaccination... Damn to autocorrect feature 😂
I have losses financial years below. (OPTION TRADING)
How can I fille IT returns file. Please reply
2020-2021 ( -41,910.00 )
2021-2022 ( -34,710.00 )
Sir
In ITR 3, how to remove the error of audit,
There is error even after selecting correct options in General information
Selected maintain books but not selected 44AD AE etc.
Please suggest
Having same issue , please resolve @ Amit Agarwal please reply here if u have any solution for that plz ...
Hello Sir
I am a salaried person and having loss in options (turnover 48Lacs) and stcg and ltcg in share investment, hardly 800 intraday turnover ,which itr should I file? audit required or balance sheet need to be shown in case of itr 3 is applicable? kindly reply.
Itr 3 applicable. And need to fill p&l and balance sheet
सर अगर कोई कुछ दिन f&o me treding करता है, 4 ya 5 हजार ka उसका लॉस ho जाता है फिर वह ट्रेडिंग band kar deta hai to use bhi ITR भरना पड़ेगा भले hi uski टोटल income 2 lakh तक ही है
Make a New Video with Live Input
Zero Income
Negative in f&0
Broadband Expenses & Equipment Expenses
How to report correctly
Negative income correctly in the portal
Thank you for enhancing my knowledge on the subject .i even purchased your excel file which had somme error which you rectified and and again sent to me .Some correction in heading issue is required to make it suitable for AY 24_24, since format was used to fill up details for AY 22_23
Hi Sir ,
I Have Started trading on FY 21-22, Below are details.
CAPITAL :
Own fund = 2L
Loan fund = 6L
Loss of 3L was happend and P and L acount in itr3 looks fine now , how these losses accounted in balance sheet ( application fund and source fund ) . Because of 2L capital only own fund , I can't adjust completely this with own fund as loss is higher than own fund , and can't reduce it from loan fund . Because i am liable for 6L Loan still there. How can I account this in balance sheet , kindly help on this.
Sir our company is purchasing raw materials @18%Tax rate but selling @12% Tax rate from 8 years. So thare is 60 lakh plus ITC is available. Can we encash that ITC or is there any other option to utilize that ITC. Please help me.
Sir Mera financial year 2021..22 me f& o me 6.80 lakh rs loss huaa tha..aur Maine ओ apne itr me show nahi Kiya tha..kuaki muze ओ पता नही था..carry forward kar sakte hai ye..mai ek govt employees hu sir..plz reply
mera 1 hi trade tha F&O me aur 98 rupees ka loss hai. And mera 1 IPO bhi laga tha jisko 3000 rupees profit pe sell kar diya.
to muje ITR-3 file karna chahiye ya ITR-2? Please help.
I missed to file the revised return by just 3 minutes, stucked in validation step. Now I am getting this error - "You can not file return under sections 139(1)/139(4)/139(5) as the time limit to file the return under these sections are over."? What should be the next step, any suggestion, please?
Hi please consider my case as I am googling from last few hours without any answer, hope to get it clarified here:
I have a salary income of ~28 lac
Other income from fd and interest is 50 k
F&O loss 33 k and turnover is 90 k
I am interested in filling ITR 3 considering I can balance my interest income.
However the issue is in many portal it’s showing since you are filling salary income + f&o loss and it’s above 2.5 lac. I need audit.
Please help tộ clarify
Sir ji, Unlimited Thanks for such an eye opening video, particularly for new entrants in Trading in intra day & F&O.
What is purpose if Edit button in Schedule CFL?
Does it mean we can manually add previous year FNO losses here which we didnt added in previous year returns ?
Hello sir, I am a salaried employee falling under 30% tax slab and do F&O as well. Till date my F&O Turnover is almost near to 2 cr. Do I need to have tax audit for the current Financial year.
Kindly comment sir
,sir टर्न ओवर तो ब्रोकर निकाल कर देता समरी में। वो छोड़ो,आप तो यह बताओ कि लोस कैरी फॉरवर्ड कैसे करते हैं
Sir... मेरा सवाल यह है कि जो हम trading से पैसा कमाते है उन पेसो को stock मे लगा सकते हैं क्या direct dmaet AC se
How to text calculate
Example
Buy sbi at 500×5000=2500000
Sell sbi at 503×5000=2515000
Same trade 6 time in a day ( 30100000 approx ) so how to calculate income tax?
What to do.... If there is scrutiny assessment for this kind of ITR..??
Sir , I have loss in intraday and f&o( profit 1 lakh but brokerage is 4 lakh , so overall loss) . My turnover is around 20 lakhs. I have not maintained book of account then how much fees you charges to file itr .
Only video you need to see if you are a salaried and f&o trader. One doubt- if I have filed ITR-4 under sec 44ADA for last 4 years as I had income under sec 194J and this year I have salary income under sec 192 and having a f&o loss, do I need to audit or not?
I don't have income, but i got money from my uncle and did trading in stock market. I got loss nearly 1.67 laksh.. Which I took from my uncle. can i file income tax return
Sir,
Income tax kis per lagega? Intraday turnover per ya phir intraday profit per. Kis per lagega income tax
Sir, can u filled my ITR3
any contact number or charges Plz
Need help - which section of itr3 need to show income from Infrastructure Investment Trust (InvITs) (got interest and dividend)
Very Misleading aa of date after changes that have taken place for Option TO.
Fresh video required where Tally related details can be skipped.
Meri options ki turnover 86641 hai book or account maintenance Krna padega kya
I'm getting error during validation like this.
How do we arrive at opening balance in Capital Account....plz respond if anyone has idea regarding this
itr filing kab karana hota hain( ab march ending se pahale or dec).....my loss 6 lakh ...my icome kuch nahi filhal....to main kaisse karu ca hire karana padega kya....
Future and option trading mein agar 500-600 amount earn ki ho, kya phir bhi itr bharni padegi
Another formula to convert to positive is to use abs(rownumber)
Thank you for the detailed discussion regarding how you can disclose your speculative loss and file ITR 3 accordingly. I was searching for this type of content earlier. I have only one question, when we are filing the return, do we need to submit the balance sheet and profit and loss statement prepared by a certified chartered accountant or we can simply do it by ourselves and upload it in ITR 3.
Thank you so much for this very well explained video. I filed it myself
Sir mereko proper accounting karni h tally pr apne futures aur options k trade ki jaise mera kaam pakka ho jaye
To usko tally me kaise maintain krna h agar aap ek video banaye bas ek ek entry kr dein ki kaise buy ya sell ki entry post ki jaayegi tally per under which head
Plus zerodha ki pnl se kaunse column se kaun sa amount pick krke Kiya jayega
Is par ek video banayein
Thank you
sir balance sheet mein sirf business balance sheet he file hoga ??? personal balance sheet nahi file karna hain ?? matlab business aur personal balance sheet dono merge hoke file nahi hoga ??
WARNING WARNING WARNING to all TRADERS and TAX EFFECTS
@TAX EFFECTS: I appreciate your knowledge but I need to highlight that you have misinterpreted Section 44AB read with Section 44AD
LOSSES are also nothing but declaration of profit lower than 6% limit and so TAX AUDIT IS APPLICABLE.
What amount you charge for ITR filing for salaried person including stock trading?
Sir In Current Fiscal Year My Option Trading Turnover Crossed 10Cr Limit In 3Months And Not Yet Profitable. I Will Need To Get My Audit Done. Could You Please Tell Me Approximate Cost Of Getting My Audit Done And Return Filing For My Fno Turnover?
If There Any Issue If My Turnover Get Exceeded ?Please Reply If Possible
You said intraday is speculative and f&o is non speculative but how to understand what do u mean by intraday because we do intraday in stock and f&o both
Me Itr 4 file karta 5 year se but ab me investmet ya indtrady stoks market kiya is sall to muje itr 4 me kaha profot loss batana he..?
We are senior citizens and want to buy a flat from sale proceeds of shares and mf . Any cg benefits in IT rules. please send details, if any.
So i am trading since 2020 but hadnt shown loss till now can i show losses of all these years in this year assessment or i have to show only the current year losses. Also i am a psu employee which itr form do i have to fill.
In trading account whether f&o and intraday figure of purchase and sale to be clubbed?
F&O aur intraday k sath agar kisi ko short term aur long term capital gain hota hai (i mean agar equity me bhi delivery me share buy or sell karta hai) to konsa itr form fill karna hoga.
Sir, how can I get acknowledgement no of my 10IE form & it's filling date?
But I experienced error msg regarding to provide Audit Information at the time of verification of return.. in online filing process.. Confusion still remain in mind
same here i am also getting same error msg but it is showing validation successful
Turnover 10 lac se km ho to b balance sheet mantain krni padegi qa???
Video include for fno losses only with salaried income . Is there any video which includes fno losses with STCG and LTCG ( profit/loss)with salaried income .
Sir Trading a/c me By Gross Loss Cr. side....... & Pn L, a/c me To Gross loss Dr side and By net loss Cr side
Sir, I have paid Rs 399 right now. plz send the excel sheet
Speculative business me woh add ka option aa nahi raha he. Intraday ka loss add karne ki koshish kar raha hu usme
Sir, In addition to pension I have professional income of Rs.126000 and insurance commission approximately Rs.2.5 lakhs. Whether I can take 50% (Rs.63000) exemption in my professional income and prepare P&L and BS only for insurance commission and the expenses incurred for insurance agency, while filing ITR-3. Please guide.
Defect B/D error with description You have claimed income less than 8% of gross turnover. Filing under 44AD (since last two AYs). how to solve this?
Hi
What if you have made only Short Term Capital Gains and you do not have any other sources of income in a Financial Year? Can you still adjust Basic Exemption Limit against STCG? Do you have to pay Capital Gains tax even if your total income is less than 2.5 Lakh?
Dear sir , i am getting validation errors while uploading . The error regarding schedule VI A 80RRB + 80QQB cannot be more than scedule OS (sl. No 1 e) plus sch profit & loss ( sl.no 15). There is no input in 80RRB & 80QQB & PL is negative.
Hello Sir,
This is the Portal Malfunction and nothing need to be worried about. This should be sorted in the next few days. We are also in touch with the department officials, they said it should be resolved in few days. Requesting you to please wait until then.
Regards.
No need of IF formula for calculating turnover. Instead use formula ABS() This will give value irrespective of plus or minus
ABS() returns the absolute value of the number entered in the cell number in the brackets
Sir, can we consider any course(regarding trading) fees or software charges as business expenses under PGBP?
Short term capital gains ko kaha dikhaenge
Thanks for such a detailed explanation. Appreciate your efforts and help!!🙏
Hi Sir,Kindly help to file my ITR as I had huge loss in FNO..Is there any services u r providing
Balance sheet kaise banaya aapne. Plz is topic par video bna dijiye
Salaried person ki to itr 1or 2 jatahe to itr3 me salary keu add kare?
Please reply me
Instead of If function, use absolute function. Function ABS (use as =abs(cell) ) returns the value without negative symbol. Simple.
Thanks for sharing. 😊✌
Capital account , cash in hands, balance with banks , How to know this I had doubt
Bro , before posting these videos pls think about CA students who r studing hard for years and u people getting info from different channels & posting in online platforms.
Why do we add Sales value in case of options? What is the reason? And why not in Futures?
What will be Turnover for Intraday Options/Futures ? Will it be calculated the same as in cash-markets ?
You have shown loss of 4.71 lakhs
Then how audit is not applicable. ?????
As per my knowledge if less than 6% of profit is shown than audit is mandatory
Correct me if i am wrong
This is when you opt for 44AD which is presumptive taxation
Otherwise via normal Business route ...we should be able to claim the loss and hence all there books of accounts came into the picture